LONDON--(BUSINESS WIRE)--Technavio market research analysts forecast the global lawful interception market to grow at a CAGR of more than 24% during the period 2018-2022, according to their latest report.
This market research report segments the global lawful interception applications (services, devices, communication content, and network technology), and key regions (the Americas, APAC, and EMEA).
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In this report, Technavio analysts highlight the increased dependence on the Internet as a key factor contributing to the growth of the global lawful interception market:
Increased dependence on the Internet
One of the major drivers for the growth of the lawful interception market is the increased use of the Internet for daily activities and critical operations. As the Internet penetration is growing worldwide, people tend to share their personal information on the Internet. Also, companies are offering storage services in the cloud. This is leading to the storage of critical information in the cloud. This makes the data vulnerable to cyberattacks and data theft. Thus, companies are adopting lawful interception solutions to protect the data from theft and misuse.
According to a senior analyst at Technavio for enterprise application research, “Next generation networks have completely reshaped the current structure of communication systems and access to the Internet. With these developments in the communication industry, there is a need for new security platforms, and architectures for lawful interception as data theft and phishing attacks are on the rise, and new forms of attacks are emerging every day.”
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Global lawful interception market segmentation
Of the four major applications, the services segment held the largest share of the global lawful interception market in 2017, accounting for close to 47% of the market. However, the market share for this application is expected to decrease nearly 2% by 2022. The fastest growing application is the communication content segment which will increase its market share by nearly 2%.
In 2017, the Americas accounted for more than 42% of the global market, owing to the region being an early adopter of modern technologies and the availability of adequate infrastructure. The Americas was followed by EMEA and APAC, with APAC emerging as the fastest growing market. APAC is expected to exhibit an increase of over 3% in its market share over the forecast period.
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